Dingyi Group Investment (HKSE:00508) EBIT : HK$224.7 Mil (TTM As of Sep. 2023)

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What is Dingyi Group Investment EBIT?

Dingyi Group Investment's earnings before interest and taxes (EBIT) for the six months ended in Sep. 2023 was HK$124.3 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was HK$224.7 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Dingyi Group Investment's annualized ROC % for the quarter that ended in Sep. 2023 was 7.59%. Dingyi Group Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 31.59%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Dingyi Group Investment's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 19.68%.

Dingyi Group Investment EBIT Historical Data

The historical data trend for Dingyi Group Investment's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Dingyi Group Investment EBIT Chart

Dingyi Group Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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-14.26

-214.65

271.75

39.60

227.93

Dingyi Group Investment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
EBIT	Get a 7-Day Free Trial															19.22	20.38	127.54	100.39	124.28

Competitive Comparison of Dingyi Group Investment's EBIT

For the Credit Services subindustry, Dingyi Group Investment's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dingyi Group Investment's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Dingyi Group Investment's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Dingyi Group Investment's EV-to-EBIT falls into.

Dingyi Group Investment EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was HK$224.7 Mil.

Dingyi Group Investment (HKSE:00508) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Dingyi Group Investment's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

	ROC % (Q: Sep. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Mar. 2023 )	+	Invested Capital (Q: Sep. 2023 ))	/ count )
=	248.686 * ( 1 - 12.51% )	/	( (3382.291	+	2354.66)	/ 2 )
=	217.5753814	/	2868.4755
=	7.59 %

where

	Invested Capital		(Q: Mar. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	3945.268	-	341.949	-	( 221.028	-	max(0, 2687.948	-	3872.405	+	221.028	))
=	3382.291

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2850.772	-	273.716	-	( 222.396	-	max(0, 1623.832	-	2781.864	+	222.396	))
=	2354.66

Note: The Operating Income data used here is two times the semi-annual (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Dingyi Group Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Sep. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Mar. 2023		Q: Sep. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	248.554	/	( ( (49.885 + max(399.98, 0))	+	(11.425 + max(1112.366, 0)) )	/	2 )
=	248.554	/	( ( 449.865	+	1123.791 )	/	2 )
=	248.554	/	786.828
=	31.59 %

where Working Capital is:

	Working Capital		(Q: Mar. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1825.456	+	4.5474735088646E-13)	-	(341.949	+	0	+	1083.527)
=	399.98

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(0	+	1754.492	+	0)	-	(273.716	+	0	+	368.41)
=	1112.366

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Dingyi Group Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Sep. 2023 )
	=	224.668	/	1141.863
	=	19.68 %

Dingyi Group Investment EBIT Related Terms

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Dingyi Group Investment (HKSE:00508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dingyi Group Investment Ltd (HKSE:00508) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Units 2703, 27th Floor, Wanchai, Convention Plaza - Office Tower, Hong Kong, HKG

Website

http://www.dingyi.hk

Dingyi Group Investment Ltd is a Hong-based company engaged in loan financing, securities trading, and property development, Its operating segments include securities trading business; loan financing business; and property development business of which it generates the majority of the revenue from the property development business.

Executives

Li Kwong Yuk	2101 Beneficial owner
Wincon Capital Investment Limited	2101 Beneficial owner
Zhong Guo Chuan Bo Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Shipbuilding Capital Limited	2101 Beneficial owner

Dingyi Group Investment (HKSE:00508) Headlines

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